TAIPED concedes 67% stake in Igoumenitsa Port

State asset utilization fund TAIPED on Tuesday announced the signing of the share purchase agreement for the concession of a majority stake of 67% in the Igoumenitsa Port Authority's share capital for a total price of 84.17 million euros to the joint venture consisting of the companies Grimaldi Euromed SpA-Minoan Lines SA-Investment Construction Commercial and Industrial SA.

The signing of the share purchase agreement took place after the approval of the Court of Auditors, while the ratification of the concession agreement needs to be approved by Parliament.